Answer:
$141 million.
Explanation:
Given: Export= $200 million.
Import= $160 million.
Foreign aid received= $80 million
Payment to foreign citizen= $15 million
Earning from abroad= $36.
Now, computing current account balance.
Total current account= [tex](X-M)+NI+NT[/tex]
X- export
M-Import
NI-Net income
NT-Net current transfer.
Net income= [tex](\textrm{ earning of own citizen working abroad - Payment to foreign citizen})[/tex]
⇒ Net Income= [tex]\$ 36-\$ 15= \$ 21\ million[/tex]
∴ Net Income (NI)= $21 million.
Net Transfer (NT)= $80 million.
Current account= [tex](200-160)+21+80= \$ 141\ million.[/tex]
∴ Current account balance is $141 million.
